7.1. HRSR 11-04-2019Request for Action
To Item Number
Housing and Redevelopment Authority 7.1
Agenda Section Meeting Date Prepared by
General Business November 4, 2019 Amanda Othoudt, ED Director
Item Description Reviewed by
HRA Housing Rehabilitation Loan Program Update Cal Portner, City Administrator
Reviewed by
Action Requested
Receive update on the Rehabilitation Loan Program.
Background/Discussion
The Center for Energy and Environment (CEE) held an informational meeting this month; two people
were in attendance. CEE is currently reviewing two applications and waiting on documentation before
they can move forward.
Our Aging Delinquency Report shows two loans delinquent. One borrower is 150+ days past due. CEE
was able to make some headway with the homeowner this past month. CEE requested a credit report and
a title search to see what is the status of their first mortgage and other bills. They are current in their first
mortgage, electric, gas and water bills, but they are behind in all credit cards and loans. They are planning
on selling their house and use the proceeds to pay this loan in full as well as credit card and medical debt.
They will continue to make small payments on their loan.
The other delinquent homeowner makes a payment over the phone on the last day of the month, to
which the report doesn’t reflect the updated information.
Financial Impact
N/A
Attachments
CEE Monthly Loan Reports
The Elk River Vision
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CEE SERVICINGREPORT TYPE:PARTIAL TRIAL BALANCE REPORT SUMMARY REPORT DATE:10/29/2019REPORT PERIOD:Oct-19INVESTOR:ELK RIVERTRIAL BALANCE PER POOL AS OF 10/29/2019POOLLOAN COUNTLOAN VOLUMEUNPAID PRN BALHRA REHAB14279,949.22$ 225,248.79$ Grand Total14279,949.22$ 225,248.79$ TRIAL BALANCE SUMMARY PER LOAN AS OF 10/29/2019LOAN #POOLBORROWERADDRESSCONTRACT DATEINT RATELOAN AMOUNTUNPAID PRN BAL19-015212HRA REHABSHAWN MENNING525 8TH ST NW8/3/20152.2518,657.00$ 11,393.75$ 19-015215HRA REHABMARLIN STIMPSON606 JEFFERSON LN NW8/3/20152.2520,650.00$ 12,427.58$ 19-015216HRA REHABCHAD SWENSON602 GATES AVE NW9/3/20153.2525,000.00$ 19,255.47$ 19-015210HRA REHABSAMUEL MAHON501 6TH ST10/22/20151.255,837.00$ 1,097.10$ 19-015207HRA REHABMATT HICKS1205 4TH ST NW3/13/20163.2525,000.00$ 20,949.37$ 19-015204HRA REHABTRACY CUNNINGHAM1420 5TH ST NW1/25/20172.5022,069.00$ 16,486.79$ 19-015214HRA REHABSCOT SANDHOEFNER730 JACKSON AVE NW8/2/20172.7525,000.00$ 19,850.79$ 19-015208HRA REHABWILLIAM HOOPS806 HOLT AVE NW9/10/20173.5024,645.00$ 21,759.38$ 19-015209HRA REHABLARRY KRIEG609 GATES AVE NW9/22/20172.7519,665.00$ 15,907.98$ 19-015211HRA REHABLINDA MCCLELLAN810 JACKSON AVE NW10/31/20172.256,534.00$ 4,116.16$ 19-015217HRA REHABKYLE TORFIN1811 MAIN ST5/4/20184.2521,640.00$ 20,291.34$ 19-015206HRA REHABJESSICA GADACH870 VERNON AVE12/27/20184.0025,000.00$ 22,120.45$ 19-016434HRA REHABMEGAN L HAUK19135 TROY STREET NW7/5/20194.0025,000.00$ 24,650.94$ 19-016564HRA REHABJUDITH M WEBER403 3RD ST NW7/15/20194.0015,252.22$ 14,941.69$ 279,949.22$ 225,248.79$ 6 MONTH COMPARATIVE REPORTREPORTED MONTHLOAN COUNTUNPAID PRN BALApr-1913216,152.69$ May-1913214,286.75$ Jun-1913212,628.05$ Jul-1915250,435.33$ Aug-1915248,640.83$ Sep-1915225,248.79$ DocuSign Envelope ID: CFFE90ED-E577-45F5-971C-21A3B976846C
CEE SERVICINGREPORT TYPE:PARTIAL TRIAL BALANCE REPORT DETAILREPORT DATE:10/29/2019REPORT PERIOD:Oct-19INVESTOR:ELK RIVERACCOUNT DETAIL FOR ACTIVE LOANS AS OF 10/29/2019LOAN #PORTFOLIOPOOLBORROWERADDRESSCITYSTATEZIP CODEINT RATECONTRACTMATURITYLOAN AMOUNTTERMUNPD PRN BALRMNG TERM19-015212ELK RIVER RESIDENTIALHRA REHABSHAWN MENNING525 8TH ST NWELK RIVERMN553302.258/3/20158/1/202518,657.00$ 12011,393.75$ 6919-015215ELK RIVER RESIDENTIALHRA REHABMARLIN STIMPSON606 JEFFERSON LN NWELK RIVERMN553302.258/3/20158/1/202520,650.00$ 12012,427.58$ 6919-015216ELK RIVER RESIDENTIALHRA REHABCHAD SWENSON602 GATES AVE NWELK RIVERMN553303.259/3/20159/1/203025,000.00$ 18019,255.47$ 13019-015210ELK RIVER RESIDENTIALHRA REHABSAMUEL MAHON501 6TH STELK RIVERMN553301.2510/22/201511/1/20205,837.00$ 601,097.10$ 1219-015207ELK RIVER RESIDENTIALHRA REHABMATT HICKS1205 4TH ST NWELK RIVERMN553303.253/13/20163/1/203125,000.00$ 18020,949.37$ 13719-015204ELK RIVER RESIDENTIALHRA REHABTRACY CUNNINGHAM1420 5TH ST NWELK RIVERMN553302.501/25/20171/1/202722,069.00$ 12016,486.79$ 8619-015214ELK RIVER RESIDENTIALHRA REHABSCOT SANDHOEFNER730 JACKSON AVE NWELK RIVERMN553302.758/2/20178/1/202725,000.00$ 12019,850.79$ 9319-015208ELK RIVER RESIDENTIALHRA REHABWILLIAM HOOPS806 HOLT AVE NWELK RIVERMN553303.509/10/20179/1/203224,645.00$ 18021,759.38$ 15419-015209ELK RIVER RESIDENTIALHRA REHABLARRY KRIEG609 GATES AVE NWELK RIVERMN553302.759/22/20179/1/202719,665.00$ 12015,907.98$ 9419-015211ELK RIVER RESIDENTIALHRA REHABLINDA MCCLELLAN810 JACKSON AVE NWELK RIVERMN553302.2510/31/201711/1/20226,534.00$ 604,116.16$ 3619-015217ELK RIVER RESIDENTIALHRA REHABKYLE TORFIN1811 MAIN STELK RIVERMN553304.255/4/20185/1/203321,640.00$ 18020,291.34$ 16319-015206ELK RIVER RESIDENTIALHRA REHABJESSICA GADACH870 VERNON AVEELK RIVERMN553304.0012/27/20188/1/202825,000.00$ 12022,120.45$ 10319-016434ELK RIVER RESIDENTIALHRA REHABMEGAN L HAUK19135 TROY STREET NWELK RIVERMN553304.007/5/20197/5/203425,000.00$ 18024,650.94$ 17719-016564ELK RIVER RESIDENTIALHRA REHABJUDITH M WEBER403 3RD ST NWELK RIVERMN553304.007/15/20197/15/202915,252.22$ 12014,941.69$ 117279,949.22$ 225,248.79$ DocuSign Envelope ID: CFFE90ED-E577-45F5-971C-21A3B976846C
CEE SERVICINGREPORT TYPE:PARTIAL AGING DELINQUENCY REPORTREPORT DATE:10/29/2019REPORT PERIOD:Oct-19INVESTOR:ELK RIVERAGING DELINQUENCY DETAIL PER ACCOUNT AS OF 10/29/2019LOAN #BORROWERUNPD PRN BALDPDTOTAL DUE1 TO 15 DPD15+ DPD30+ DPD60+ DPD90+ DPDSTATUSLAST PMNT DATELAST PMNT AMNT19-015212SHAWN MENNING11,556.12$ 0-$ -$ -$ -$ -$ -$ Current Loan10/4/2019173.77$ 19-015215MARLIN STIMPSON12,598.17$ 0-$ -$ -$ -$ -$ -$ Current Loan10/21/2019192.33$ 19-015216CHAD SWENSON19,255.47$ 0-$ -$ -$ -$ -$ -$ Current Loan9/30/2019180.00$ 19-015210SAMUEL MAHON1,296.67$ 0-$ -$ -$ -$ -$ -$ Current Loan10/24/2019100.41$ 19-015207MATT HICKS20,949.37$ 1791,222.74$ -$ 175.67$ 175.67$ 351.34$ 520.06$ 150+ DPD--$ 19-015204TRACY CUNNINGHAM16,660.60$ 0-$ -$ -$ -$ -$ -$ Current Loan10/20/2019208.04$ 19-015214SCOT SANDHOEFNER20,058.47$ 0-$ -$ -$ -$ -$ -$ Current Loan10/25/2019250.00$ 19-015208WILLIAM HOOPS21,896.39$ 0-$ -$ -$ -$ -$ -$ Current Loan10/5/2019200.00$ 19-015209LARRY KRIEG16,059.31$ 0-$ -$ -$ -$ -$ -$ Current Loan10/10/2019187.63$ 19-015211LINDA MCCLELLAN4,223.59$ 0-$ -$ -$ -$ -$ -$ Current Loan10/2/2019115.24$ 19-015217KYLE TORFIN20,291.34$ 28162.79$ -$ 162.79$ -$ -$ -$ 15+ DPD9/30/2019162.79$ 19-015206JESSICA GADACH22,120.45$ 0-$ -$ -$ -$ -$ -$ Current Loan9/30/2019400.00$ 19-016434MEGAN L HAUK24,769.51$ 0-$ -$ -$ -$ -$ -$ Current Loan10/5/2019200.00$ 19-016564JUDITH M WEBER15,046.65$ 0-$ -$ -$ -$ -$ -$ Current Loan10/15/2019154.43$ 226,782.11$ 1,385.53$ -$ 338.46$ 175.67$ 351.34$ 520.06$ DocuSign Envelope ID: CFFE90ED-E577-45F5-971C-21A3B976846C
Electronic Record and Signature Disclosure
Certificate Of Completion
Envelope Id: CFFE90EDE57745F5971C21A3B976846C Status: Completed
Subject: Partial Loan Servicing Report
Source Envelope:
Document Pages: 6 Signatures: 0 Envelope Originator:
Certificate Pages: 4 Initials: 0 Marco Landoni
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Time Zone: (UTC-06:00) Central Time (US & Canada)
212 3rd Avenue North
Minneapolis, MN 55401
mlandoni@mncee.org
IP Address: 65.121.0.34
Record Tracking
Status: Original
10/29/2019 7:53:07 PM
Holder: Marco Landoni
mlandoni@mncee.org
Location: DocuSign
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Amanda M Othoudt
AOthoudt@elkrivermn.gov
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(None)Using IP Address: 156.99.27.161
Sent: 10/29/2019 8:04:05 PM
Viewed: 10/30/2019 8:59:36 AM
Electronic Record and Signature Disclosure:
Accepted: 3/25/2019 1:49:11 PM
ID: 7b67470c-67ec-4b25-8725-ad9a3aa20ad1
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Envelope Sent Hashed/Encrypted 10/29/2019 8:04:05 PM
Certified Delivered Security Checked 10/30/2019 8:59:36 AM
Completed Security Checked 10/30/2019 8:59:36 AM
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